Copano Energy, L.L.C announced today a cash distribution for the fourth quarter of 2008 of $0.575 per unit, or $2.30 per unit on an annualized basis, for all of its outstanding Common Units. This distribution is $0.005 above its distribution of $0.57 per unit for the third quarter of 2008. The distribution will be payable on February 13, 2009, to holders of record of Common Units at the close of business on February 2, 2009.
"We are pleased to announce a 0.9% increase in Copano's quarterly distribution to unitholders, which represents our sixteenth consecutive quarterly distribution increase. This distribution reflects continued growth in service throughput volumes and the benefit of Copano's hedging program, which helped offset an unfavorable commodity price environment," said John Eckel, Chairman and Chief Executive Officer of Copano Energy.
Houston-based Copano Energy, L.L.C. is a midstream natural gas company with operations in Oklahoma, Texas, Wyoming and Louisiana.
Contacts: Matt Assiff, SVP & CFO
Copano Energy, L.L.C.
713-621-9547
Anne Pearson / apearson@drg-e.com
Jack Lascar / jlascar@drg-e.com
DRG&E / 713-529-6600
Source: Copano Energy, L.L.C.
"We are pleased to announce a 0.9% increase in Copano's quarterly distribution to unitholders, which represents our sixteenth consecutive quarterly distribution increase. This distribution reflects continued growth in service throughput volumes and the benefit of Copano's hedging program, which helped offset an unfavorable commodity price environment," said John Eckel, Chairman and Chief Executive Officer of Copano Energy.
Houston-based Copano Energy, L.L.C. is a midstream natural gas company with operations in Oklahoma, Texas, Wyoming and Louisiana.
Contacts: Matt Assiff, SVP & CFO
Copano Energy, L.L.C.
713-621-9547
Anne Pearson / apearson@drg-e.com
Jack Lascar / jlascar@drg-e.com
DRG&E / 713-529-6600
Source: Copano Energy, L.L.C.
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